For whom is Private Wealth Management appropriate?

Discretionary investment management services are appropriate for businesses, trusts, estates, charitable foundations and not-for-profit enterprises as well as high net worth individuals. High net worth individuals with more than $250,000 in investible assets and/or taxable income greater than $87,000 dollars will benefit most from the strategies available as a result of Private Wealth Management. There are also Private Wealth Management solutions available for as little as $100,000.

Who are the Private Wealth Managers you recommend?

Investia is part of Industrial Alliance Insurance and Financial Services. We work primarily with our affiliate IA Clarington Investments and their Private Wealth Management unit. We do however have access to a variety of other Private Wealth Managers. Our selection of a manager will be based on your specific needs and the managers’ specific skills.

How is Private Wealth Management different than a mutual fund?

With Private Wealth Management, your investment strategy is designed specifically to your needs. The managers have access to individual securities such as stocks and bonds and use these as the core of their strategy. Any potential gains or losses in individual securities are yours and not "co-mingled" as is the case of a mutual fund.

Do I continue to work with my financial advisor?

Yes. Your financial advisor continues to be an essential part of the Private Wealth Management equation. Your financial advisor continues to provide advice on your overall financial plan, estate planning, insurance needs. As well your advisor will monitor our performance and adherence to your Investment Policy Statement, which is the roadmap for your investment strategy.

How much does private wealth management cost?

This is negotiable but the cost range is 1.5% to 2% (+HST) as the range of fees for PWM.
A portion of private wealth management fees may be tax-deductible in non-registered accounts.

Mutual Funds

Mutual funds products are offered through Investia Financial Services Inc.
Commissions, trailing commissions, management fees and other expenses may be associated with mutual fund investments. Please read the Fund prospectus carefully before investing. Mutual fund investments are not guaranteed, their values change frequently, and their past performance may not be repeated.
Mutual funds are sold exclusively by mutual fund representatives who are licensed by Provincial regulators and registered with Investia Financial Services Inc. (Investia). Investia does not provide or distribute any advice or product other than those that are directly related to the sale of mutual funds. Any representative who provides or offers other advice or services must hold the necessary licenses and deal with entities (other than Investia) that are duly registered with the competent authorities.

Insurance

Insurance products are provided through National Financial Insurance Agency Inc.

Seg Funds

Segregated funds products are offered through Investia Financial Services Inc. and/or multiple carriers.
Subject to any applicable death benefit guarantee, any part of the premium or other amount that is allocated to a segregated fund, is invested at the risk of the policy owner and may increase or decrease in value according to the fluctuations in the market value of the assets of the segregated fund.

FAQs

How are advisors paid?

Fee for service, sales commissions, embedded fees or in some cases a combination of these. All advisors will soon HAVE to disclose their compensation.

What is fee for service?

The client is charged for time spent by the advisor on their behalf to develop a financial plan or report on an area of concern.

What are embedded fees?

These fees are paid by the investment company when a fund is sold. The company pays the advisor for the initial sale and a trailer fee for the ongoing reporting and servicing of the account.
The client does not have to pay the advisor and all their money gets invested.

What is an investment policy statement?

It is an agreement between the advisor and a client outlining the requirements and risk tolerance of the client required in order to form an ongoing work relationship.

What are trailer fees?

They are paid to the advisor based on assets under management. Fund and insurance companies pay from .25% to.5% and in some cases up to 1% per year ongoing commission.

How is the investment company paid when they pay an advisor commission for the sale of their products?

The company takes a management fee out of the total assets in the fund. This fee has to be posted in its prospectus and returns posted for the fund have to be after fees. A $100 million fund with a 2.5% MER would draw $250,000 in fees per year to pay their staff and analysts, premises costs and trailer fees. Earnings returns are posted after fees.